against currency crises. However, research so far has neglected the question whether and how central banks change their … banks revise their reserve policy in the aftermath of currency crises. A dynamic panel data model is estimated for … developing and industrial countries covering the period from 1975 to 2003. The evidence suggests that currency crises induce a …

-related banking crises. Relying on data on real estate-related banking crises for 25 EU countries, a signalling approach is applied in … important role of both real estate price variables and credit developments in predicting real estate-related banking crises. The … probabilities of missing crises while at the same time not issuing too many false alarms. In addition to EU level, they also perform …

This paper presents a new database for financial crises in European countries, which serves as an important step …. An important contribution of this work is the identification of financial crises by combining a quantitative approach … periods. The paper explains the two-step approach for identifying crises and other key choices in the construction of the …

This paper presents a new database for financial crises in European countries, which serves as an important step …. An important contribution of this work is the identification of financial crises by combining a quantitative approach … periods. The paper explains the two-step approach for identifying crises and other key choices in the construction of the …

We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank …

We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank …

This paper presents a new database for financial crises in European countries, which serves as an important step …. An important contribution of this work is the identification of financial crises by combining a quantitative approach … periods. The paper explains the two-step approach for identifying crises and other key choices in the construction of the …

We develop a model to explain a puzzling trend in cash demand in recent years: the value of bank notes in circulation … as a percentage of GDP has remained stable despite decreasing cash usage at points of sale owing to competition from … alternative means of payment such as credit cards. The main feature of the model is that cash circulates between economic …